IGOVvsPICBETF Comparison
VS
iShares International Treasury Bond ETF (IGOV) belongs to the Intl Government Bonds segment. Invesco International Corporate Bond ETF (PICB) is part of the Intl IG Bonds segment. IGOV's top 2 sector exposures are Sovereign and Non-Corporate. In contrast, PICB's top sector exposures are Finance, Utilities and Industrials. IGOV is less expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.5% for PICB. IGOV is down -3.85% year-to-date (YTD) with +$99M in YTD flows. PICB performs better with -3.73% YTD performance, and +$97M in YTD flows. Run a side-by-side ETF comparison of IGOV and PICB below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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IGOV vs PICB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/29/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IGOV PICB | +0.80%+0.67% | -1.48%-1.36% | -3.85%-3.73% | -4.09%-3.17% | +10.74%+18.56% | -19.31%-9.47% |
| Flows | IGOV PICB | -$287M- | -$467M-$5M | +$99M+$97M | +$57M+$134M | -$91M+$232M | +$154M+$266M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IGOV PICB | +6.40%+6.49% | +7.11%+7.53% | +8.08%+7.79% | +9.15%+9.24% |
| Max drawdown | IGOV PICB | -4.92%-5.37% | -7.83%-7.41% | -10.40%-9.81% | -30.82%-33.41% |
| Max drawdown duration | IGOV PICB | 65d65d | 242d273d | 200d198d | 1815d1815d |
Trading data
IGOV | PICB | |
Last sale 10/30/2026 at 2:14 PM | $40.18 | $22.34 |
| Previous close 10/29/2026 | $40.12 | $22.24 |
| Consolidated volume 10/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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IGOV | PICB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/30/2026 at 2:14 PM
Live
Closed
IGOV | PICB | |
|---|---|---|
| Last price | $40.18 | $22.34 |
| 1D performance | +0.15% | +0.43% |
| AuM | $1.03 B | $342.93 M |
| E/R | 0.35% | 0.5% |
Characteristics
IGOV | PICB | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | Invesco |
| Benchmark | FTSE World Government Bond Index - Developed Markets Capped Select Index | S&P International Corporate Bond Index |
| N° of holdings | 949 | 612 |
| Asset class | Fixed Income | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 21, 2009 | June 3, 2010 |
| ESG | No | No |
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Exposure
Countries
IGOV
Japan
11.49%
France
8.48%
Italy
7.66%
United Kingdom
7.18%
Other
65.2%
PICB
France
22.7%
Canada
17.19%
United Kingdom
16.06%
Germany
9.71%
Other
34.33%
Sectors
IGOV
Sovereign
99.31%
Other
0.69%
PICB
Finance
49.52%
Utilities
11.65%
Industrials
8.07%
Telecommunication.
7.26%
Other
23.49%
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Diversification
IGOV
Total weight of top 15 holdings out of 15
5.33%
PICB
Total weight of top 15 holdings out of 15
7.97%
Top 15 holdings
Data as of September 30, 2026
IGOV
Portugal, OT 2.125% 17oct2028, EUR
0.51%
France, OAT 2.5% 25may2030, EUR
0.39%
Denmark, DGB 4.5% 15nov2039, DKK
0.39%
Slovakia, GB 3.75% 6mar2034, EUR
0.38%
France, OAT 1.5% 25may2031, EUR
0.35%
Israel, ILGOV 4% 30mar2035, ILS
0.35%
Austria, AGB 4.15% 15mar2037, EUR
0.34%
Netherlands, DSL 4% 15jan2037, EUR
0.34%
Netherlands, DSL 3.75% 15jan2042, EUR
0.33%
Portugal, OT 1.95% 15jun2029, EUR
0.33%
Israel, SHAHAR 5.5% 31jan2042, ILS
0.33%
Ireland, IRGB 1.1% 15may2029, EUR
0.32%
France, OAT 2.7% 25feb2031, EUR
0.32%
Austria, AGB 2.9% 20feb2033, EUR
0.32%
France, OAT 0.5% 25may2029, EUR
0.32%
PICB
NTT Finance Corporation, 0.38% 20sep2030, JPY
0.85%
Bank of Montreal, 4.709% 7dec2027, CAD
0.61%
Royal Bank of Canada, 4.632% 1may2028, CAD
0.59%
Toronto-Dominion Bank, 4.68% 8jan2029, CAD
0.58%
Bank of Montreal, 3.19% 1mar2028, CAD
0.57%
Enel, 5.75% 14sep2040, GBP (43)
0.55%
Bank of Montreal, 5.039% 29may2028, CAD
0.49%
Royal Bank of Canada, 4.642% 17jan2028, CAD
0.49%
Toronto-Dominion Bank, 5.376% 21oct2027, CAD
0.48%
Toronto-Dominion Bank, 4.477% 18jan2028, CAD
0.48%
Bank of Montreal, 4.537% 18dec2028, CAD
0.48%
Bank of Nova Scotia, 4.68% 1feb2029, CAD
0.48%
Bank of Montreal, 4.42% 17jul2029, CAD
0.46%
RWE AG, 6.125% 6jul2039, GBP
0.43%
National Bank of Canada, 5.219% 14jun2028, CAD
0.43%
Frequently asked questions about IGOV and PICB
How have the IGOV and PICB ETFs performed in 2026?
As of October 29, 2026, IGOV is down -3.85% year-to-date (YTD), while PICB has lost -3.73%. That puts PICB better performer ahead so far this year.
Which ETF is attracting more investor money: IGOV or PICB?
Year-to-date, the IGOV ETF saw +$99M in flows, compared to +$97M for PICB.
Which ETF is more volatile: IGOV or PICB?
Over the past year, IGOV had a volatility of 7.11%, while PICB experienced 7.53%.
Which ETF is bigger: IGOV or PICB?
As of October 29, 2026, IGOV holds $1.03 B in assets under management (AUM), while PICB manages $342.93 M.
What sectors do the IGOV and PICB ETFs invest in?
IGOV leans toward sectors like Sovereign. Meanwhile, PICB focuses on Finance, Utilities and Industrials.
What are the top holdings of the IGOV ETF and PICB ETF?
IGOV top holdings include Portugal, OT 2.125% 17oct2028, EUR, France, OAT 2.5% 25may2030, EUR and Denmark, DGB 4.5% 15nov2039, DKK. PICB holds in its top three: NTT Finance Corporation, 0.38% 20sep2030, JPY, Bank of Montreal, 4.709% 7dec2027, CAD and Royal Bank of Canada, 4.632% 1may2028, CAD.
Which ETF is more diversified: IGOV or PICB?
IGOV holds 966 securities with 5.33% of its assets in the top 15. PICB has 612 securities and a top 15 weight of 7.97%.
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Latest news about IGOV & PICB
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